PFC incorporates SPV for development of transmission project in Andhra

New Delhi, Feb 20 (PTI) State-owned PFC on Thursday said a special purpose vehicle has been incorporated as a wholly-owned subsidiary of PFC Consulting Limited for the development of a transmission system for proposed green hydrogen projects in Andhra Pradesh.

PFC Consulting Limited (PFCCL) is its wholly-owned subsidiary, Power Finance Corporation (PFC) said in an exchange filing.

The SPV, Kakinada Transmission Ltd, has been incorporated as a wholly-owned subsidiary of PFCCL to develop the transmission system for proposed green hydrogen/ green ammonia projects in Kakinada area (Phase-I) transmission scheme.

The SPV will be transferred to the successful bidder after the completion of the bidding process. The selected bidder would develop the project. PTI ABI HVA

Source: PTI